Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sure looks like it! Hoping to grab some more cheapies on Monday before we blast off.
This is your own personal theory. He released the buyback and total shares owned PR after the Q2 filing, really wouldn't make too much sense to blatantly lie if it was so easily found out imo. What are these emails and claims of gifting you speak of? Why would he openly admit to gifting millions of shares?
Also, why release that PR after being suspended if lying? Is that not essentially writing his own death sentence? With no benefit given that the stock was frozen and that PR obviously can't combat the damage of the suspension.
For anyone still confused about their investment in this stock, I highly suggest going back and reading the Audited 10-K for 2008. There are so many golden nuggets of DD in that document it isn't even funny. If you read through that, I think many will see how all of these negative comments that have been made are not and cannot be true.
I do agree we need the other stuff for sure. And yeah, I think it was a great sign that the Attorneys were willing to reissue an attorney letter after the amended Q2. Although that letter doesn't cover the period during which the suspension occurred, I have trouble believing they wouldn't just completely disassociate themselves from Jeff and KMAG if they suspected fraud or lack of transparency.
Another good post Garyst and I do agree, there are a lot of large outside players beyond this board and they too receive information and have ways of interpreting what is going on. It would be interesting to see what kind of activity opens the day. If we really do see a significant tank this week, I personally will just swallow the loss as a worthless stock and hold for the slight chance that they get us out of the greys or that a buy out occurs.
All of these jokers talking about .0001. Seriously, as if there would even be a sale at that level. At the current price, that would mean that an investor with $100,000 in this stock gets $714 back. No one out there would sell at those levels when the chances of holding, even if slim, offer a much more lucrative outcome.
They may not provide the same assurance as an audit, but they do provide a level of assurance. That law firm is very reputable with a lot of liability if there was indeed fraudulent activity going on. Do you really think that they would sign off on that letter without ever inquiring of JR about customers and other information? I definitely do not.
Okay but realistically what do you think we will get? All I imagine is the status of the audit and uplisting process. Depending on what counsel advises, I am not very confident that we hear much more about the suspension. Would be nice to hear a no action letter was given. But if it is over it is over, the damage is kind of done, I don't imagine much will be said about it.
Yeah I agree with you. I mentioned in one of my previous posts that I would rather see a PR eow but that is just personal opinion, I am not quite sure what would be best for PPS.
Haha agreed but you get the point. If he wanted to pump the price then sell off his shares, he has had so many opportunities to pump the price. He is clearly not scamming anyone. Maybe there was a misunderstanding, maybe he even neglected to follow procedure in some way which flagged the company for suspension, Idk, but I am fully confident that fraud was not at play.
I don't feel like you can make that statement either. None of us actually know what PR(s) were brought into question. "The Company's Operations" could be referring to anything. I tend to side with Bidwell however as the PRd revenue figures are what comprise the financials so it seems that if that is what is in question, the SEC also would have referred to the accuracy of the financial statements. I guess they wouldn't have to, but that doesn't make much sense to me that you would question the PR announcing revenue but not the financial statements themselves that contain the revenue figures and contain Jeff's signature.
If it really is just a question of Revenue figures then I have a lot of confidence as RFID is a massive field growing every month and Jeff amended the Q2 and signed after the suspension.
I would realistically guess around .004 - .007 is where we see the close.
Just the way of the government man. The IRS operates in the exact same fashion. There would never be an apology or admittance of wrong. The best anyone can hope for after being flagged by a government agency is that the agency just drops any claims and leaves the person/company alone.
Good post Diamond, I agree completely. JR PRs have often been encouraging for investors and have helped to bring in new investors, but quiet honestly he has never used stock promoters or PRs to really bolster PPS. I think another poster pointed out around the alleged time of the "paid stock promoters" PPS was at .0005 and stayed there so clearly the promoters failed if that was true. Same with the PRs. The last that comes to mind was July revenues which saw a 40% up day then followed by a gap down almost equal to any gains from the previous day. Or how about the Gemini PR? I think we actually closed 5% down that day.
If Jeff really is being fraudulent he has sure done a terrible job, had he abused the PRs like he could have this stock could have been .05-.10 by now and he could be rich and in Brazil.
Yeah, the biggest issue is just the lack of transparency. Much like MSLP. The only nice thing is that the CEO actually replied emails and questions and PRs often. I think it is something worth holding on to even just on the off chance of a buy out.
No worries, I too was in MSLP and am no longer but keep an eye on it from time to time to see if anything changes. No harm done, bashers get annoying and my first post did sound like unfounded bashing.
I gave a reply thanks. You still being invested in this stock shows your lack of intelligence so I guess we are both dumb.
Response from SEC in regards to my email sent 10 days ago...Sorry this is of no use to anyone, just thought it was funny they took so long to reply with information I already had available to me
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
On September 17, 2012, the SEC announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 of trading in the securities KMA Global Solutions International, Inc. because of questions that have arisen concerning the adequacy and accuracy of press releases concerning the company’s operations. The SEC’s announcement regarding KMA Global Solutions' trading suspension, and the SEC’s trading suspension order, are available at the following locations on our website: http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf and http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf.
Also, you may find it helpful to review the SEC’s Office of Investor Education and Advocacy’s Investor Bulletin, which was written to help educate investors about the SEC’s rules and regulations related to stock suspensions: http://investor.gov/news-alerts/investor-bulletins/trading-suspensions. This bulletin answers some of the typical questions we receive from investors about trading suspensions.
I hope this information is helpful to you. Once again, thank you for contacting the SEC.
Sincerely,
David Powers
U.S. Securities & Exchange Commission
1-800-732-0330
help@sec.gov
Hoping for the PR to come EOW. My reasoning behind it:
No matter how good the PR is and whatever advances Jeff and his legal team are making, there are still people who just flat out want out of this stock. Either day traders that got stuck with it after close on Friday or people who don't want to wait and see what Jeff ends up following through with. So no matter what the PR says, a sell off is coming, much like we saw when the Q2 results were released and misunderstood.
By releasing it end of week, price will have had a chance to stabilize and reach a "bottom" if you will and a good PR with auditor info, etc. with bring in a whole new slew of investors who see that as their chance to make a bottom play, hold for a couple months and see what happens. Not that short term price matters for us longs, but I feel this is the best way over all to protect PPS and volume as well as bring continued interest into KMAG. Additionally, not releasing it Monday will get rid of people we don't want holding this stock anyways.
Hahah, yeah I am. But honestly, as someone who has been super active with KMA* and the DD, I still think your money is better left in the hands of Mr. Reid than any of the execs here at MSLP. There has been a lot of shady things that have gone on with this company as well as thousands of others, it is often just the bad luck of the draw with who gets flagged and why. I pulled some money out of MSLP to put it into KMA* and actually recovered some of my loss here, and honestly watching how badly my position in MSLP would have continued to tank, I am happy to take my chances with K on the greys.
Essentially yes this is why I make the comment. And I agree, it isn't a guarantee, but it is also not a good sign. Even going into the close of Q2 there was a surge. I just think management is still playing a lot of games. No bashing here, I was in this stock a while back. I just feel bad for the "longs" here, I really believe these grimy execs are going to take you for all your worth. And this is coming from a guy holding a suspended stock lol.
On the upside, closing in on the 52 week low, may bounce a little, and I am sure there will be a big PR about all of the awards they win at the Olympia (although this means little to nothing).
Not that I am aware of, but I honestly don't know. I have tried emailing their IR firm multiple times and have never gotten a reply.
Looks like Q3 was not a good one for MSLP.
I am not quite sure what that had to do with my post, but I can say I agree 100%. That was huge in my opinion and I have no real concerns coming into trading on Monday
Yeah you are right probably not good to joke around with how serious biz people on here are.
I don't claim to know much about the gray market but from what I understand here, what is to stop say 20 of us long from facilitating trades back and forth between each other each day to hold price at .02 or .04 or wherever we want it? If that was done enough, that would just become the price point and outside buyers and sellers would shift the bids and asks accordingly.
You got me man. I have been scratching my head all week.
Check out the latest PR. I think the biggest issue here is just lack of funding. They also burned S/Hs a year ago with a 250:1 R/S. Either way I think this is a great entry point for a longer term hold. Definitely not a day traders stock. The volume today was outlandish given the stock has been stagnant for the entire summer until this last week.
Do people not understand that some of these tickers actually have a real company behind them? So KMAG will continue growing revenues and the business but just because the stock is on the greys it will sit at .0001? Makes sense.
Yeah I Will be holding long term here. Man, really thought the bottom would be .02. Thought wrong.
Heavy sell off today. You still holding? The last couple weeks of activity have been quite odd.
I don't understand how they can state in one of their closing paragraphs that there is no investigation out.
"Subject to the foregoing, we also advise you that, to the best of our knowledge, after inquiry of management and the directors of the Issuer, none of the Issuer, any 5% holder, or counsel is currently under investigation by any federal or state regulatory authority for any violation of federal or state securities law."
Seriously..who takes profits at 15-20% when they could let it run, unreal.
Good post. Just between the PR last Monday, the PR last Wednesday and the Amended Quarterly report today he has already done more than 90% of CEOs of suspended stocks. People will continue to preach doom and gloom, but this is just the beginning, and we will see some big things coming soon.
That is honestly a HUGE deal. During suspension, under the SEC microscope, to yet again sign off on the financial statements you are either telling the truth or 100% crazy and going to jail. And I don't think jeff has been eating the bad beef so I would say he is telling the truth.
He got them for a loan made to the company a long time ago. This company has been around for over a decade after all..I know everyone is so use to the overnight P&Ds, but this has been a legitimate company for a very long time and has complied with the SEC guidelines in the past. This is not like the others and for those reasons will not face the same downward spiral that others have seen.
"A thousand vultures of the grey markets descend upon you. Our posts will blot out the sun!"
"Then we will bid in the shade."
Oh don't worry I will be watching with my Bids in ; ). No concerns here. CEO owns 200mm, have to feel pretty good about that.
Closed at HOD, seeing greeeennnn.
I agree, it is just a game of patience at this point. A PR friday should help to put many of us at rest in the coming weeks.
That is not what I am saying here, I certainly hope he would never consider that. We will just have to agree to disagree. But realistically, I do agree it will probably take a couple of months if it wasn't already under way at all before the suspension. I guess I don't really know what you are hoping to happen? If you already believe an audit will take a couple of months, what do you expect Jeff or anyone to do? Shouldn't we just agree to play the waiting game?